January delivered a strong start to the year, offsetting a slouching December, according to a report released by Phoenix REALTORS. Analyzing the latest ARMLS data, there were 6,848 new Metro Phoenix home listings hitting the market, compared to 4,105 in December. As well, average sale prices rose in January from December and sat at $539,617, which was up by […]
After 47 years of operation, Metrocenter Mall shut its doors for the final time on June 30, 2020, amid a pandemic and after efforts to revitalize the mall fell short. But, like the namesake of the city in which it resides, new life is coming to this Phoenix landmark. Concord Wilshire Capital (CWC) and TLG Investment Partners (TLGIP) […]
Using Zillow Page-view traffic, available housing inventory, price appreciation, sales data and other housing metrics that indicate consumer demand, Zillow analyzed thousands of ZIP codes within the nation’s 100 largest metropolitan areas to create a ranking of the site’s most popular U.S. cities. “The most popular places on Zillow showcase a few trends we’ve noticed over […]
Real estate, like many industries, goes through cycles. As a lengthy seller’s market has shifted to more of a buyer’s market, new tools are available for those looking to purchase. It’s a refreshing change for buyers who had to endure the headache and heartbreak of being outbid on a home — or never even seeing […]
According to a study by Visual Capitalist, a salary of more than $86,300 annually is needed for Phoenix residents to buy a home. Out of the 50 U.S. Metro areas selected in this report, Phoenix ranked 17th in highest salary needed to buy a home in 2022. This statistic can be worrisome to potential home buyers looking to settle in Arizona’s […]
2022 was a year that saw wild swings in the residential real estate market. People were on the move, but where were they headed and why? Opendoor analyzed its data to determine the top ZIP codes in Arizona and the hottest neighborhoods for home sales in Metro Phoenix. Top ZIP codes are identified by analyzing data […]
The Metro Phoenix housing market has heavily favored home sellers since the start of the decade as more people moved to Arizona and the pandemic scrambled the status quo. The S&P CoreLogic Case-Shiller Index’s most recent release shows that home prices in Phoenix rose 17.1% from August 2021 to August 2022. In the past few months, however, the dynamic has started to […]
Homeownership has always been considered a piece of the American dream. And there are a number of reasons why, beyond the picture-perfect vision of a yard with kids playing and a dog on the front stoop. Homeownership is part of the American dream because the other part of that dream is the idea of success. […]
When it comes to the Arizona real estate market conditions, it’s important to remember a few truths: Everything, from demand, to interest rates, to supply, has its own season. Arizona is its own unique market. And, forecasts for Phoenix real estate done by anyone outside of the market should be labeled more as conjecture rather […]